25th July 2023
Homebuyers facing retirement shortfall by borrowing for longer - warning
The number of people taking out mortgages with terms of 35 years or more hit a high of 88,059 in 2022, new figures show.
This is a 117% increase from 40,471 in 2018, according to freedom of information data obtained from the Financial Conduct Authority (FCA) from wealth manager Quilter.
It comes as...